INVESTMENT HIGHLIGHTS

VALUE-ADD OPPORTUNITY

• 6.90% Current Cap
• 29% Upside in Rents
• 9.44% Proforma Cap
• Average rent is $1,992 – the market is $2,567 ($575+ difference on turnover)

BUILDING HIGHLIGHTS

• 4/6 Gut Renovated Units
• Potential Condo Conversion
• New boilers & water heaters
• Separate boilers and water heaters
• Tenants pay for heat, hot water, cooking gas & electric

CONVENIENT TRANSPORTATION

• The building is approximately a 10-minute walk to the Communipaw Junction stop which provides a 37-minute trip into Midtown Manhattan via bus
• ±1.7 miles to the Journal Square Path Station with direct access to NYC

PRIME LOCATION

• Right off of Communipaw Ave in Bergen Lafayette
• 15-25 minutes to NYC and minutes from Hoboken & Historic Downtown Jersey City
• Residents have quick access to key employment centers of Manhattan
• Minutes from Hoboken and Historic Downtown Jersey City
• Easy access to Garden State Parkway, I-95, I-78, Route 1&9 and more